Maxwell and Smart are forming a partnership. Maxwell is investing a building that has a market value of $180,000. However, the building carries a $56,000 mortgage that will be assumed by the partnership. Smart is investing $120,000 cash. The balance of Maxwell's Capital account will be:
A. $124,000.
B. $64,000.
C. $60,000.
D. $180,000.
E. $56,000.
Answer: A
You might also like to view...
Under a defensive strategic market plan, calculate the market share of a company that generates sales revenue of $50 million in a market where the total demand is $493 million
A) 5.6% B) 10.14% C) 25% D) 32.3% E) 5.89%
PeopleSoft is an enterprise application software that businesses can use to create more efficient relationships with suppliers, customers, and employees
To sell the entire software package, the company uses ________, which includes a technical specialist, an accounting expert, a human resources expert, and a sales representative. A) a selling center B) a buying center C) transactional selling D) team selling E) partner relationship management (PRM)
Which of the following demonstrates a proper sensitivity in wording?
a. The black workers supply the manpower we need to get the task accomplished. b. It was time for the 62-year-old judge to leave his position. c. The administration has accepted six of the new executive's recommendations. d. Only the overweight customers remained at the buffet after the first hour.
______ is the time that the completion of an actual job exceeds its due date.
A. Average job tardiness B. Average flow time C. Makespan D. Processing time